# Ballast Asset Management

> Ballast Asset Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 9, 2026.

- CRD: 311116
- Filed as: BALLAST ASSET MANAGEMENT
- Legal name: Ballast Asset Management, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: July 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/311116
- AdvisorCensus page: https://advisorcensus.com/firm/ballast-asset-management-dallas-tx-311116

## Quick answers

**How is Ballast Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Ballast Asset Management reports these compensation arrangements: a percentage of assets under its management.

**Where is Ballast Asset Management located?**
Ballast Asset Management's principal office is in Dallas, TX, according to its Form ADV.

**Is Ballast Asset Management registered with the SEC or a state?**
Ballast Asset Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311116.

**How much does Ballast Asset Management manage?**
Ballast Asset Management reports $220,658,717 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (100% discretionary).

**How have Ballast Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Ballast Asset Management: Regulatory assets under management: $11,278,564 in the October 2021 data and $220,658,717 in the October 2026 data, up 1856%. Total employees: 7 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ballast Asset Management serve?**
By number of clients on Form ADV Item 5.D: investment companies (1).

**Which custodians does Ballast Asset Management use?**
Ballast Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets.

**Does Ballast Asset Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311116

**Does Ballast Asset Management state an account minimum?**
Its Form ADV Part 2A brochure dated July 9, 2026 says: "The Firm mai ntains sole discretion when establishing a specific account minimum with respect to any particular account , but generally, a $1,000,000 minimum is required in order to open an SMA account. The minimum can be waived at the discretion of the Adviser."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated July 9, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> The Firm mai ntains sole discretion when establishing a specific account minimum with respect to any particular account , but generally, a $1,000,000 minimum is required in order to open an SMA account. The minimum can be waived at the discretion of the Adviser.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $220,658,717
- Discretionary: $220,658,717
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $152,872,423 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $67,786,294 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2020 (5 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ballastam.com
- mgmtetf.com
- LinkedIn @ballast-asset-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,278,564 | 7 | March 30, 2021 |
| October 2022 | $49,178,721 | 3 | March 31, 2022 |
| October 2023 | $66,876,193 | 5 | September 29, 2023 |
| October 2024 | $168,469,249 | 5 | March 22, 2024 |
| October 2025 | $206,340,260 | 5 | February 12, 2025 |
| October 2026 | $220,658,717 | 5 | July 9, 2026 |

Regulatory assets under management: $11,278,564 in the October 2021 data and $220,658,717 in the October 2026 data, up 1856%.
Total employees: 7 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ballast Asset Management (CRD 311116): Form ADV filing data as of October 2026.